Abhijeet to invest in power in Bihar

as Infrastructure Capital Pvt. Ltd, a company belonging to the Rs 310-crore diversified Abhijeet Group, plans to invest around Rs 65 billion in a power project in Bihar.

The company will set up a 9x135 mw coal-based thermal plant at Navinagar, Lakhisarai, Pirpainti, Banka, in Bihar. The project is in a nascent stage and details are being worked out. The state investment promotion board has given in-principle approval.

"We have applied for coal blocks. More details will be known only after allocation of the blocks," an official of Jas said on condition of anonymity. The company hopes to get the coal blocks within three to four months.

Meanwhile, Jas Infrastructure has applied for six coalfields, namely Amrakonda-Murgadangal (Birbhum coalfields), Patal East (South Karanpura coalfields), Ashok Karkata Central (North Karanapura coalfields) and Ganeshpur (North Karanpura coalfields) in Jharkhand; and Mahuagarhi (Rajmahal coalfields) and Gourangdih ABC (Raniganj coalfields) in West Bengal.

Abhijeet Group is mainly engaged in the iron and steel sector. In recent years, the group has forayed into infrastructure and has successfully completed Rs 270-crore worth of road projects on BOT basis. More recently, the group announced two coal-mining pit-head based merchant power projects of 810 mw in Jharkhand. Phase-I is estimated to cost around Rs 22 billion.